The Amazing Spider-Man 2

There are two well-known axioms in Hollywood. Former executives are given big titles to produce when they leave their jobs. And franchise properties never really die.

Both are coming to fruition with a fast-breaking story. Sony and Marvel announced Monday they’re teaming up for a “Spider-Man” movie that will involve a “new creative direction” for the much-plumbed character and also mark outgoing Sony Pictures Co-Chair Amy Pascal’s first producing project on the studio lot. Marvel topper Kevin Feige will also produce.

The new film will hit theaters on July 28, 2017. As part of the deal, the character will appear in an upcoming Marvel Studios film (there are several such...

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